“I don’t quite get the attempted distinction between East and West Coasts.”
I lived both places for a long time each. They are very very different in that respect.
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Uh, I lived on the East Coast for 25 years. All my family and old friends live back there. I travel to and do business on the East Coast 4-5 times a year.
In your original post you cited one family-owned business where the kids went to college for kicks and then were hired by the family business as stock-boys for $100K/year. The insinuation was that this arrangement is somehow commonplace on the East Coast. I couldn’t disagree more. I believe such an arrangement is highly uncommon.
Regardless, it really is pointless to debate which coast has a higher percentage of family-owned businesses with certain longevity figures. At the end of the day it’s about making coin, regardless of who your employer is. There has been and continues to be tremendous opportunity in SoCal to make money. Lots and lots of people making lots and lots of money.
